SBI

SBI stocks: Buy State Bank of India, target price Rs 700: Motilal Oswal | Rare Techy

Rare TechyNovember 25, 2022

1 1 minute read

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has a buy call with a target price of Rs 700. The current market price of State Bank of India is Rs 612.4. State Bank of India, established in 1955, is a banking company (having a market capitalization of Rs 545918.50 Crore).

Major Products / Segments of Income of State Bank of India for the year ending 31-March-2022 include Interest & Discounts, Income from Investments, Interest and Interest on Balances with RBI and other inter-bank funds.

Financials

For the quarter ended 30-09-2022, the company reported a Consolidated Revenue of Rs 114782.48 crore, an increase of 21.43% over the previous quarter’s Rs 94524.30 crore and a 13.49% increase over the same quarter. 311rore in the same quarter last year.20 The bank reported a net profit after tax of Rs 14752.00 in the last quarter.

Promoter / FII Holdings
Promoters held 57.57 percent stake in the company as on 30-June-2022, while FIIs held 9.62 percent, DIIs 25.09 percent.

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